‘We’re not out of this yet’: Canadian banks brace for uncertainty as recovery takes hold
The Big Six banks said they were encouraged by consumer spending patterns creeping towards pre-pandemic levels and fewer Canadians seeking loan relief.
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
‘We’re not out of this yet’: Canadian banks brace for uncertainty as recovery takes hold
The Big Six banks said they were encouraged by consumer spending patterns creeping towards pre-pandemic levels and fewer Canadians seeking loan relief.
Mark Carney joins Brookfield Asset Management
In his new role, Carney will spearhead an increasingly popular form of investing, focused on ESG – environmental, social and governance issues – as well
Scotiabank, BMO hit ‘high water mark’ as they set aside more cash for bad loans
Results offer first peek at how the last few months have transformed bank budgets, which have been under pressure since the pandemic began and financial
Five Canadian business stories to watch this week
A preview of some of the national stories that will be making headlines in the days ahead.
Canadian retail sales top pre-pandemic levels
Pullback expected this fall and winter.
After a summer homebuying frenzy, real estate braces for autumn uncertainty
Part of the fuel behind rising prices has been driven by a change in the real estate cycle
Texas startup will make a BlackBerry-branded 5G phone
Developer believes there is support for heightened cybersecurity from businesses, politicians and a growing number of consumers.
Ottawa’s inflation rate slows to 0.9%
Reduced pace of price growth was broad-based, spanning goods and services.
Freeland sworn in as federal finance minister as PM set to seek prorogation
Freeland replaces Bill Morneau, who resigned Monday after weeks of controversy over his and Prime Minister Justin Trudeau’s roles in awarding a sole-source contract to
Finance Minister Bill Morneau resigns, plans to run for head of OECD
Bill Morneau said he had considered leaving his role as finance minister for some time, adding that he never intended to run for a third
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